Around the World's Markets: Tokyo

Friday 09 October 1998 23:02 BST

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JAPAN'S KEY stock index fell to its lowest in almost 13 years, on concern that the rapidly strengthening yen will deal a heavy blow to exporters' profits. The Nikkei 225 fell 146.09 points, or 1.12 per cent, to 12,879.97, closing below 13,000 for the second time this week and falling to its lowest since the end of 1985.

Honda, Fuji Photo and Bridgestone tumbled after the Japanese currency posted its sharpest two-day rise against the dollar since 1973.

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